Kroger Co on Tuesday forecast next year’s profit and same-store sales ahead of analysts’ estimates, as the supermarket chain benefits from its efforts to modernize stores, enhance delivery and improve product assortments. In the face of growing competition in the U.S. grocery space, recently disrupted by online retail giant Amazon.com , Cincinnati-based Kroger has been slashing prices and boosting investments in technology to attract more shoppers. Under its two-year-old “Restock Kroger” program, the company has also been focusing on private-label brand display, rearranging store layouts and expanding services such as home delivery and self checkouts. …read more
Source:: Yahoo Finance
